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Spectrum Electrical Industries Ltd (SPECTRUM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544386 NSE: SPECTRUM Electric Equipment | Small Cap | Spectrum Elec. Inds. Share Price

₹3,011.70 143.40 (5.00%)

As on 11-Sep'26 15:13

Spectrum Electrical Industries Ltd (SPECTRUM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544386 NSE: SPECTRUM Electric Equipment | Small Cap | Spectrum Elec. Inds. Share Price

₹3,011.70 143.40 (5.00%)

As on 11-Sep'26 15:13

Key Metrics
Valuation Multiples
Market Cap
₹4,507 Cr.
Current Price
₹3,011.7
52-Week Low / High
₹958 / 2,868
TTM EPS
₹36.6
TTM Sales
₹681 Cr.
Book Value per Share
₹163.8
P/E Ratio
78.45
Lower than its 5-year historical median
Industry PE
54.3
Price to Book (P/B)
17.51
Higher than its 5-year historical median
Price to Sales (P/S)
6.62
Higher than its 5-year historical median
EV/EBITDA
42.17
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
14.54%
Outperforms industry median
Return on Capital Employed (ROCE)
16.01%
Outperforms industry median
Return on Assets (ROA)
6.57%
Operating Profit Margin
13.2%
Net Profit Margin
6.32%
Gross Profit Margin
11.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
23.22%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
32.41%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
30.9%
Asset Quality
Promoter Holding
72.72%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹242 Cr.
Equity
₹15.7 Cr.
Face Value
₹10
All Time Low / High
₹957.95 / 2731.75

Spectrum Electrical Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Strong
Q.1 Is Spectrum Electrical Industries Ltd a good quality company?
Spectrum Electrical Industries Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Spectrum Electrical Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Spectrum Electrical Industries Ltd vs industry peers?
Spectrum Electrical Industries Ltd revenue CAGR is 22.97%, compared to the industry median CAGR of 12.87%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Spectrum Electrical Industries Ltd?
Promoters hold 72.72% of the Spectrum Electrical Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Spectrum Electrical Industries Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 116.98% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Spectrum Electrical Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 5.1%6.2%29%16%7.8%9.6%11.7%11.4%16.9%16.4%-
Value Creation
Index
-0.6-0.61.10.1-0.4-0.3-0.2-0.20.20.2-

Growth Parameters

Sales 2.26.6120147141151251253322397576
Sales YoY Gr.-205.1%1,714.1%22.8%-3.8%7.2%66.1%0.8%27.2%23.2%-
Adj EPS 610.7534.83.13.95.15.612.315.631.8
YoY Gr.-77.4%396.2%-91%-35.3%26.1%29.4%10.1%120.7%26.6%-
BVPS (₹) 105.3115.9306.843.846.950.955.260.9103.8119.5162
Adj Net
Profit
0.30.55.97.24.75.97.78.419.224.350
Cash Flow from Ops. -1.98.9-8.6-17.23.511.923.68.3-13.7-18.1-
Debt/CF from Ops. -4.31.2-4.5-2.719.16.53.310.1-6.4-8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 78.5%23%16.5%23.2%
Adj EPS 11.1%38.1%45.4%26.6%
BVPS1.4%20.6%29.4%15.1%
Share Price - 119.1% 43.7% 118.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
79.729.514.46.889.59.614.913.722.6
Op. Profit
Mgn %
2318.613.91210.412.3109.112.413.215.2
Net Profit
Mgn %
13.98.14.94.93.33.933.366.18.7
Debt to
Equity
1.51.91.10.70.910.90.90.50.8-
Working Cap
Days
3261977214117818113015316822477
Cash Conv.
Cycle
-18-231-2408210064657011217

Valuation of Spectrum Elec. Inds. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales147141151251253328402
Operating Expenses + 129126133226230288349
Manufacturing Costs21201825293337
Material Costs939098177174230277
Employee Cost 89913151621
Other Costs 6771112813
Operating Profit 18151925234053
Operating Profit Margin (%) 12.0%10.4%12.3%10.0%9.2%12.3%13.2%
Other Income + 3121575
Exceptional Items 0000000
Interest 536871013
Depreciation 66689109
Profit Before Tax 106811122736
Tax 32233710
Profit After Tax 756881925
PAT Margin (%) 5.0%3.3%3.9%3.1%3.3%5.9%6.3%
Adjusted EPS (₹)4.93.13.95.15.612.516.4
Dividend Payout Ratio (%)0%0%25.60%19.80%0%8%0%
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 6671778392162188
Share Capital 15151515151616
Reserves 5156626877147172
Debt +466769688576157
Long Term Debt25373937381767
Short Term Debt21293031475990
Minority Interest0000000
Trade Payables25132338493838
Others Liabilities 681928294669
Total Liabilities 143159189218255322451

Fixed Assets

Net Fixed Assets +454570807987138
Gross Block56619311111896157
Accumulated Depreciation10162330391019
CWIP 62059152338
Investments 91011121301
Inventories36395666706576
Trade Receivables262325344282124
Cash Equivalents 23929125
Others Assets 20191414295568
Total Assets 143159189218255322451
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -173152124-26
PBT 106811122736
Adjustment 781014111019
Changes in Working Capital -32-9-1-1-18-25-71
Tax Paid -2-2-2-3-3-8-11
Cash Flow From Investing Activity + -12-20-15-23-9-38-53
Capex -7-20-16-22-14-19-61
Net Investments -6-1-1-2-0-225
Others 1121533
Cash Flow From Financing Activity + 29185-5143772
Net Proceeds from Shares 250000560
Net Proceeds from Borrowing 1121014-240
Interest Paid -3-3-6-8-7-9-11
Dividend Paid 000-20-20
Others 7914161482
Net Cash Flow 016-663-7
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.16.837.999.559.6315.2714.54
ROCE (%)13.147.829.611.5910.8316.4916.01
Asset Turnover Ratio1.211.11.011.451.251.331.04
PAT to CFO Conversion(x)-2.430.62.52.630.250.21-1.04
Working Capital Days
Receivable Days53.8053.9050.5037.1046.8058.6093.50
Inventory Days74.9081.8097.7075.4083.4063.9064
Payable Days97.6077.9068.2063.3091.5069.2049.80

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Spectrum Electrical Industries Ltd FAQs

The current trading price of Spectrum Elec. Inds. on 11-Sep-2026 15:13 is ₹3,011.7.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Spectrum Elec. Inds. stood at ₹4,507.2 Cr

The latest P/E ratio of Spectrum Elec. Inds. as of 10-Sep-2026 is 90.14.

The latest P/B ratio of Spectrum Elec. Inds. as of 10-Sep-2026 is 17.70.

The 52-week high of Spectrum Elec. Inds. is ₹2,868.3 and the 52-week low is ₹958.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Spectrum Elec. Inds. is ₹576 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Spectrum Electrical Industries Ltd is a below average quality company.

The key valuation ratios of Spectrum Electrical Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Spectrum Electrical Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Spectrum Electrical Industries Ltd

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